Which phase of strategic management is called the action phase?

Question

Quizplus · Accepted Answer

Strategy implementation is the action phase of strategic management where the plans and strategies formulated in the previous phase are put into action. It involves allocating resources, restructuring the organization, and setting up control systems to ensure effective execution of the strategy. Strategy evaluation, measuring performance, and allocating resources are all important components of strategy implementation but are not the action phase. Strategy formulation is the process of creating the strategy, which comes before strategy implementation.

Which Phase of Strategic Management Is Called the Action Phase